Frequently asked questions about tax and accounting advice and audits

At Damaslo Asesores, we offer specialist professional services in three key areas: tax advice, accounting and financial advisory services, and auditing. We work with companies, self-employed professionals, joint ownership entities, cooperatives, foundations and other entities, tailoring our services to the nature of each business. Since 1986, we have supported our clients with friendly, personalised advice, backed by qualified professionals and ongoing updates on tax and accounting changes.

Our tax advisory services in Santa Cruz de Tenerife cover areas such as Corporation Tax, Income Tax, IGIC and various national and Canary Islands tax returns. We also have particular expertise in Inheritance and Gift Tax, Property Transfer Tax and Canary Islands taxation. We advise on the specific features of the Canary Islands Economic and Tax Regime, including incentives such as the Canary Islands Investment Reserve (RIC) and the Canary Islands Investment Deduction (DIC).

We provide accounting and financial advice to companies, self-employed professionals, unincorporated partnerships, cooperatives and other types of businesses. Our clients operate across a wide range of sectors, including construction, property development, property holding, manufacturing and aparthotels. This breadth of experience allows us to take the specific needs of each business into account. Our team also keeps its professional knowledge up to date through ongoing training and by monitoring ICAC guidance, updates and rulings.

Yes. At Damaslo Asesores, we provide both statutory and voluntary financial statement audits for companies, foundations, cooperatives and other entities. Our in-house auditors and qualified professionals carry out this work with rigour and independence. Each audit is tailored to the entity’s characteristics and circumstances. We maintain professional, approachable communication throughout the process and provide the personalised service that sets our firm apart.

No. Although our office is in Santa Cruz de Tenerife and many of our clients are based in the Canary Islands, we also serve clients in mainland Spain and people living outside Spain who have interests or business activities connected to the Canary Islands. We offer both in-person and online appointments, making it easy to communicate and keep track of each matter wherever the client is based. We also provide services in both Spanish and English.

We began our practice in 1986 and have around four decades of experience advising businesses, self-employed professionals and a wide range of entities. We combine experience with ongoing professional development, which is particularly important in light of changes to tax and accounting rules. Our qualified professionals are committed to every client, providing a personalised, approachable and professional service to understand their needs and offer advice tailored to each situation.